Watches of Switzerland gains after Deutsche Bank upgrades to 'buy'

Watches of Switzerland

26/09/2024 09:03

** Shares of luxury watch retailer Watches of Switzerland
 WOSG.L  up 5.5% at 449.4p, among top gainers on FTSE midcaps
 .FTMC  index 
    ** Shares hit highest since Jan. 17 
    ** Analysts at Deutsche Bank upgrade the stock to "Buy" from
"Hold", raises target price to 490p from 435p 
    ** Brokerage says "multitude of mid-term growth
opportunities remain intact and compelling" for WOSG
    ** See stable earnings for WOSG helped by its supply driven
Rolex business - DB 
    ** Shares down nearly 37% so far this year 

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))